HOTEL TECHNOLOGY MANAGEMENT (HTM) acquired by GROUPE PASSMAN

THEON International has entered into an exclusive agreement to acquire HGH Systèmes Infrarouges from Carlyle, covering the entirety of the company's share capital. This strategic move aims to bolster the group's capabilities in electro-optic and infrared systems, particularly for multi-domain defense applications. The transaction would integrate HGH's infrared technologies and detection solutions into THEON's portfolio, with a focus on long-range surveillance systems and automated threat detection capabilities

Amper, S.A. has entered into a binding agreement to acquire full ownership of Teltronic from the private equity firm Nazca Capital. This transaction is a cornerstone of Amper's 2026-2028 Strategic Plan, representing a significant inorganic growth initiative. The primary rationale for the acquisition is to solidify Amper's position as a national leader in the defense and security communications sector. The integration of Teltronic is expected to yield substantial commercial and industrial synergies

KKR, alongside co-investor Mubadala Investment Company, has signed a definitive agreement to sell CoolIT Systems to Ecolab. This transaction marks a highly successful exit for KKR’s Global Impact Fund II, which acquired the company in 2023 for approximately $270 million. The strategic rationale for the deal is driven by the global "arms race" in AI infrastructure. CoolIT’s revenues surged by 300% during KKR’s ownership as its hyperscaler revenue share jumped from 5% to 60%, largely fueled by the shift to liquid-cooled GPUs (e.g...

Infineon agreed to acquire the non-optical sensor business from AMS-Osram in a strategic carve-out. For AMS-Osram, this divestment marks a definitive pivot towards becoming a pure-play "Digital Photonics" leader, shedding non-core assets to focus entirely on optical semiconductors (LEDs, lasers, optical sensors). For Infineon, the acquisition strengthens its technological footprint in high-precision sensing without the burden of acquiring additional factories. The deal is structured as a "fabless" asset transfer: Infineon acquires the intellectual property, customer contracts, and R&D teams, but has signed a long-term supply agreement for AMS-Osram to continue manufacturing the wafers as a foundry service

After five years under Quilvest's control, the management of Primal Group regained majority ownership in a transaction that marks a major turning point for the company. This milestone allows the leadership team to become the controlling shareholders, effectively "connecting" the company's future to its management's vision. Supported by EMZ Partners and Bpifrance, the group is now positioned to leverage its three core brands—Attentive, Solem, and Indygo—to pursue an ambitious next phase of European and international growth

The group has finalized the acquisition of the target, a maneuver designed to fundamentally reinforce its "multi-sensor" intelligence strategy. The strategic rationale for this transaction centers on a "technological-convergence" play, merging the target's industry-leading technical operational depth in 3D LiDAR with the group’s established global distribution and video management infrastructure. This structural alignment provides the organization with the scientific talent and technological hardware required to address the increasing demand for high-accuracy detection and the reduction of false alarms in complex environments

Keenfinity Group has acquired Avonic, a Dutch specialist in cameras and voice-tracking technologies for the AV conferencing market, with the goal of expanding its audio conferencing solutions with state-of-the-art video solutions, enabling system integrators and equipment providers to access a seamless, integrated audio-video portfolio. This strategic acquisition strengthens Keenfinity Group's leading position in the conferencing segment, allowing it to provide more comprehensive and integrated solutions to its clients

NanoXplore has successfully closed a €20 million fundraising round led by the European missile manufacturer MBDA and Bpifrance. This operation marks the company's first major institutional capital increase, aimed at accelerating its transition from a space-centric specialist to a diversified defense electronics powerhouse. The strategic rationale for the investors is twofold: securing a sovereign, ITAR-free supply of high-end FPGA components and supporting the company’s ambitious technological roadmap, which includes moving from 28-nanometer to 7-nanometer platforms in collaboration with the ESA and CNES

Wabtec Corporation has finalized the acquisition of 100% of Frauscher Sensor Technology from the Delachaux Group and minority shareholder Michael Thiel. This exit marks a significant milestone for Delachaux, allowing the French family-owned group to refocus capital on its primary activities (Pandrol, Conductix-Wampfler, and DCX Chrome). The strategic rationale for Wabtec is the expansion of its Digital Intelligence portfolio through the addition of Frauscher’s world-class axle counting and signaling technologies

Cogelec has been acquired by Legrand through a two-stage process: first, the purchase of a 60.09% controlling block via the "Cogelec Développement" holding, followed by a mandatory tender offer (OPA) for the remaining shares. The strategic rationale is centered on strengthening the acquirer's "Smart Building" and digital services division, specifically targeting the lucrative and resilient recurring revenue stream of the target's subscription model. Financially, the deal is accretive and aligns with the acquirer's strategy